Mastercard Incorporated (MA) Rating Reiterated by KeyCorp
Mastercard Incorporated (NYSE:MA)‘s stock had its “buy” rating reiterated by equities research analysts at KeyCorp in a research report issued on Thursday. They presently have a $150.00 price objective on the credit services provider’s stock. KeyCorp’s price objective would suggest a potential upside of 9.31% from the stock’s current price.
Several other research analysts have also weighed in on MA. Deutsche Bank AG reaffirmed a “buy” rating and issued a $150.00 target price (up from $124.00) on shares of Mastercard in a research report on Monday, July 10th. Wedbush reaffirmed an “outperform” rating and issued a $129.00 target price (up from $126.00) on shares of Mastercard in a research report on Tuesday, June 6th. Cowen and Company reaffirmed a “buy” rating and issued a $137.00 target price on shares of Mastercard in a research report on Friday. Oppenheimer Holdings Inc. upped their target price on Mastercard and gave the stock an “outperform” rating in a research report on Tuesday, July 18th. Finally, Zacks Investment Research lowered Mastercard from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $134.14.
Mastercard (NYSE MA) traded up 0.51% during mid-day trading on Thursday, reaching $137.22. The company’s stock had a trading volume of 4,452,115 shares. Mastercard has a 1-year low of $97.49 and a 1-year high of $138.64. The firm has a 50-day moving average of $131.16 and a 200 day moving average of $120.79. The firm has a market capitalization of $146.13 billion, a price-to-earnings ratio of 34.05 and a beta of 1.18.
Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.06. The firm had revenue of $3.05 billion during the quarter, compared to the consensus estimate of $2.98 billion. Mastercard had a return on equity of 74.92% and a net margin of 38.30%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.96 EPS. Equities analysts expect that Mastercard will post $4.40 earnings per share for the current year.
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In related news, major shareholder Foundation Mastercard sold 29,206 shares of the firm’s stock in a transaction that occurred on Wednesday, July 26th. The stock was sold at an average price of $130.33, for a total transaction of $3,806,417.98. Following the completion of the transaction, the insider now owns 112,473,827 shares in the company, valued at approximately $14,658,713,872.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Martina Hundmejean sold 91,107 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $129.79, for a total value of $11,824,777.53. Following the transaction, the chief financial officer now owns 170,570 shares of the company’s stock, valued at approximately $22,138,280.30. The disclosure for this sale can be found here. Insiders have sold a total of 850,468 shares of company stock valued at $109,574,694 in the last 90 days. 0.30% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. American Beacon Advisors Inc. acquired a new stake in Mastercard during the 1st quarter valued at $100,000. Lipe & Dalton acquired a new stake in Mastercard during the 1st quarter valued at $101,000. Chicago Partners Investment Group LLC increased its holdings in Mastercard by 1,365.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 938 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 874 shares in the last quarter. Thompson Davis & CO. Inc. increased its holdings in Mastercard by 170.1% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 867 shares of the credit services provider’s stock valued at $105,000 after purchasing an additional 546 shares in the last quarter. Finally, Proficio Capital Partners LLC increased its holdings in Mastercard by 108.2% during the 1st quarter. Proficio Capital Partners LLC now owns 893 shares of the credit services provider’s stock valued at $108,000 after purchasing an additional 464 shares in the last quarter. 76.10% of the stock is owned by hedge funds and other institutional investors.
MasterCard Incorporated is a technology company that connects consumers, financial institutions, merchants, governments and businesses across the world, enabling them to use electronic forms of payment. The Company operates through Payment Solutions segment. The Company allows user to make payments by creating a range of payment solutions and services using its brands, which include MasterCard, Maestro and Cirrus.
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